Slide 1: Q3 2021 Business Performance Update
Aztech Global Ltd. Q3 2021 Business Performance Update 14 October 2021
Slide 2: Financial Performance Review
FINANCIAL PERFORMANCE REVIEW
Slide 3: Key Financial Highlights
Key Financial Highlights • 9M 2021 net profit of $ 47.4 million on revenue of $ 390.7 million • Earnings per share of 6.46 cents in 9M 2021 (1) • 9M 2021 EBITDA of $ 61.9 million • Lower effective tax rate of 12.1 % for 9M 2021 (2) • Net Cash of $ 191.8 million as at 30 September 2021 • Net asset va
Slide 4: 9M 2021 Results – YoY Comparison
9M 2021 Results – YoY Comparison ($ million) 9M 2021 9M 2020 % change Revenue (1) 390.7 262.2 49.0 EBITDA 61.9 43.9 41.0 Profit Before Tax 53.9 36.6 47.3 PBT Margin (%) 13.8 14.0 (20 bps) Income Tax Expense (6.5) (6.1) 6.6 Effective Tax Rate % 12.1 16.7 Net Profit 47.4 30.5 55.4 Net Profit Margin (%
Slide 5: Q3 2021 Results – QoQ Comparison
Q3 2021 Results – QoQ Comparison ($ million) Q3 2021 Q2 2021 % change Revenue (1) 141.1 133.7 5.5 EBITDA 22.9 21.1 8.5 Profit Before Tax 20.3 18.4 10.3 PBT Margin (%) 14.4 13.8 60 bps Income Tax Expense (2.3) (2.2) 4.5 Effective Tax Rate % 11.3 11.9 Net Profit 18.0 16.2 11.1 Net Profit Margin (%) 12
Slide 6: Sequential Quarters Trend Summary
Sequential Quarters Trend Summary ($ million) Q1 2021 Q2 2021 Q3 2021 9M 2021 Revenue 115.9 133.7 141.1 390.7 EBITDA 17.9 21.1 22.9 61.9 Profit Before Tax 15.2 18.4 20.3 53.9 PBT Margin (%) 13.1 13.8 14.4 13.8 Income Tax Expense (2.0) (2.2) (2.3) (6.5) Effective Tax Rate % 13.1 11.9 11.3 12.1 Net Pr
Slide 7: 9M 2021 Results Snapshot
9M 2021 Results Snapshot IoT Devices & Data-Com Products Key Driver of Revenue Growth Revenue IoT and Datacom Products (in $ million) 390.7 (Revenue in $ million) 1.90% 0.70% 0.80% 368.1 +49.0% North America Internet of Things 262.2 +70.0% Europe 22.90% 94.2% China Data 216.5 Singapore Communication
Slide 8: Financial Position and Cash Flow
FINANCIAL POSITION AND CASH FLOW
Slide 9: Balance Sheet Summary
Balance Sheet Summary Healthy Balance Sheet with Strong Cash Position ($ million) 30 September 2021 31 December 2020 Cash & Bank Balances 205.7 11.5 Net Current Assets 243.8 17.9 Net Non-current Assets 22.5 23.7 Total Net Assets 266.3 41.6 Accumulated Profits 64.3 32.3 Share Capital & Reserves 202.0
Slide 10: Comparison of Net Cash / (Net Debt) Position
Comparison of Net Cash / (Net Debt) Position ($ million) 30 September 2021 31 December 2020 Cash & Cash Equivalents 205.7 11.5 Total Borrowings 13.9 33.0 Net Cash (Net Debt) 191.8 (21.5) • As at 30 September 2021, the Group recorded a net cash position of $191.8 million. following the inclusion of n
Slide 11: Comparison of Working Capital
Comparison of Working Capital ($ million) 30 September 2021 31 December 2020 Current Assets 437.3 270.3 Current Liabilities 193.5 252.3 Working Capital 243.8 18.0 • Working capital position had increased from $18.0 million as at 31 December 2020 to $243.8 million as at 30 September 2021 due mainly t
Slide 12: Business Update & Outlook
BUSINESS UPDATE & OUTLOOK Aztech
Slide 13: Q3 2021 Business Update
Q3 2021 Business Update • The Group delivered majority of its customer orders on schedule despite components and labour constraints at its manufacturing facilities in Dongguan, China and the 60% workforce limitation at the Johor plant in Malaysia. • China plant continued to account for the bulk of Q
Slide 14: Q3 2021 Business Update
Q3 2021 Business Update • The global components situation remains tight and we continued to secure majority of components that are in high demand to meet scheduled production by Leveraging on the strong relationships our customers have with their suppliers to secure the allocation of key component
Slide 15: Q3 2021 Business Update
Q3 2021 Business Update • In line with the higher demand and shipment of IoT devices and data-communication products, we have increased our production headcount in Dongguan, China. • As at date of this announcement, vaccination statistics of our employees in Dongguan, China and Johor, Malaysia are a
Slide 16: Outstanding Order Book
Outstanding Order Book Order Book Remains Strong Outstanding Order Book (in $ million) 636 210 • Order book as at 1 October 2021 was $569 million, and the Group has since received additional orders of $67 million as at 14 October 2021. 35% Included are $426 million orders scheduled for completion
Slide 17: Business Outlook
Business Outlook • We expect the global components shortages to continue in the next 6-12 months. To mitigate the impact, we will continue our close collaborative efforts with suppliers, customers and relevant business partners to achieve smooth production and timely delivery of customers’ orders. •
Slide 18: Business Outlook
Business Outlook • Barring unforeseen circumstances, we are cautiously optimistic of Q4 2021 performance taking into consideration: Continuous demand for IoT and data-communication products in the global market; Improving vaccination rates against COVID-19 virus in countries where the Group has
Slide 19: Note on Forward-Looking Statements
Note on Forward-Looking Statements This presentation may contain certain forward-looking statements including, but not limited to, statements as to future operating results and plans. These statements are based on our assumptions and estimates and are subject to known and unknown risks and uncertain
Slide 20: Thank You!
THANK YOU! Aztech